DTCC opens Shanghai office

The move will support its global corporate actions business.

New York-based Depository Trust Clearing Corporation DTCC has opened an office in Shanghai, its first in the Asia-Pacific region, in order to support its global corporate actions business.

The organization reviewed eight other regional cities but chose Shanghai for its educated labour pool, varied language ability, cost-effectiveness and quality of life. It is using facilities provided by consultancy Accenture, which also helped design the corporate actions service.